Comment: G20’s US$14-trillion economic stimulus reneges on emissions pledges
It is not too late to change course. Now that vaccines, antivirals, masks and more could be offering a path out of the pandemic , national economies have a prime opportunity to shift to a low-carbon footing. Governments have demonstrated that they are willing and able to mobilize substantial resources to combat a global crisis. Some nations, especially in Europe, have spent generously to boost green growth.
We judged whether the impacts would cut emissions, increase them or have no effect. Emissions-reducing policies include measures that promote energy sources generating fewer emissions and that boost energy efficiency , or those that decrease activities that emit greenhouse gases . Measures that increase emissions support conventional fossil-fuel industries or encourage greater energy consumption .
Argentina invested in railway expansion during the COVID-19 pandemic to create jobs and improve train reliability.We included only direct responses to the pandemic. For example, India dedicated almost $14 billion to propping up its coal industry during the economic downturn, including modernizing mining infrastructure, attracting private-sector investment and reducing coal prices.
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